Question
Stephanie received 100 shares of ZYX Corp. stock with a fair market value of $30,000 as of the date of the gift from her aunt.
Stephanie received 100 shares of ZYX Corp. stock with a fair market value of $30,000 as of the date of the gift from her aunt. Her Aunts basis in the ZYX Corp. stock was $60,000. Her Aunt paid $1,500 of gift tax. Stephanie sold the stock for $45,000. What is Stephanies recognized gain/loss?
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The Routledge International Handbook Of Financialization
Authors: Philip Mader, Daniel Mertens, Natascha Van Der Zwan
1st Edition
1138308218, 978-1138308213
